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<br /> <br />tervi{{e <br /> <br />~t.aJjfislied 1857 <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CI'IY OF CENTERVILLE <br /> <br />1880 !Main ."'t~et, Centervilli:,!M!N 55U38 <br />651-429-3232 or q:c:q: 651-429-8629 <br /> <br />Res. #07-0_ <br /> <br />A RESOLUTION AUTHORIZING PREPAYMENT OF BONDS AND CLOSING <br />CERTAIN DEBT SERVICE FUND <br /> <br />WHEREAS, a certain debt service Fund #342 was established to account for revenue <br />and expenses related to Improvements of2002; and <br /> <br />WHEREAS, assessments have been paid and an adequate balance has accumulated <br />permitting early redemption of bonds after which, such fund is no longer necessary; and <br /> <br />NOW, rl~.HE.KEFORE BE IT RESOLVED BY THE CI'IY COUN~ OF THE <br />CITY OF CENTERVILLE, MINNESOTA: <br /> <br />1. The Council hereby authorizes call and early redemption of bonds issued October <br />1, 2002, specifically the remaining bond matwities of 2009 through 2014 in the <br />amount of $41 0,000 to be redeemed on February 2, 2008. <br /> <br />2. That following such early redemption of debt, Fund #342 Improvement Bonds of <br />2002 is hereby approved for closure with any remaining balances to be transferred <br />to the General Fund. <br /> <br />Adopted by the Council this 26th day of December, 2007. <br /> <br />Mary Capra, Mayor <br /> <br />Attest: <br />Teresa Bender, City Clerk <br /> <br />~~ <br />